Paramount Will Pay 2.5M to Settle CBS-Viacom Merger Lawsuit
Paramount Global has agreed to settle a shareholder lawsuit that claimed that the 2019 CBS-Viacom merger was unfair for shareholders. According to ...
Paramount Global has agreed to settle a shareholder lawsuit that claimed that the 2019 CBS-Viacom merger was unfair for shareholders. According to a securities filing Friday, Paramount will pay the shareholders $122.5 million to settle the claims, subject to a long-form settlement agreement and approval by Delaware's Chancery Court. More from The Hollywood Reporter The California Public Employees' Retirement System ('CalPERS') was lead plaintiff in the litigation, which also named Shari Redstone and the Redstone family's National Amusements as defendants.